Overview: September 2, 2025
In the past 90 days, the market for existing single-family homes priced between $550,000 and $650,000 across the Tri-Cities and nearby Benton City and Prosser has seen steady activity. This segment focuses strictly on site-built homes with existing construction, reflecting a robust cross-section of the regional housing landscape within this price range.
Kennewick leads the way in sales volume among the core Tri-Cities, supported by consistent activity in Richland and Pasco, while West Richland shows a more limited selection in this price bracket. Benton City and Prosser contribute smaller but notable shares, with Benton City recording very limited sales and Prosser experiencing slower but steady demand. Sales velocity across core Tri-Cities averages around one or more closings every 3 to 4 days, demonstrating a balanced and competitive market.
Pricing remains fairly consistent with the average final price hovering near the mid-$590,000s across the region, while square footage trends mostly between 1,700 and 2,700 SqFt. Price per square foot is generally higher in Richland and Prosser, suggesting better efficiency or premium features, whereas Pasco offers comparatively attractive value within this price range. Days on market vary, with quicker sales in central Tri-Cities areas compared to longer market times in outlying Benton City and Prosser.
Market by City (Past 90 Days – All Existing Single-Family Homes $550K–$650K)
| City | Sales Count | Closings / Day | Price (Avg / Median) | Price Range (Min–Max) | Size SqFt (Avg / Median) | $ / SqFt (Avg / Median) | Days on Market (Avg / Median) |
|---|---|---|---|---|---|---|---|
| Tri-Cities (Overall) | 79 | 0.9 (≈1 Closing Every 1 Days) | $592,584 / $589,900 | $550K – $646K | 2,698 / 2,650 | $229 / $228 | 37 / 18 |
| Kennewick | 32 | 0.4 (≈1 Closing Every 3 Days) | $592,945 / $594,450 | $550K – $642K | 2,736 / 2,782 | $224 / $218 | 33 / 14 |
| Richland | 23 | 0.3 (≈1 Closing Every 4 Days) | $597,265 / $600,000 | $550K – $646K | 2,698 / 2,664 | $228 / $228 | 48 / 37 |
| Pasco | 17 | 0.2 (≈1 Closing Every 5 Days) | $587,729 / $583,000 | $550K – $645K | 2,669 / 2,379 | $239 / $236 | 29 / 13 |
| West Richland | 7 | 0.1 (≈1 Closing Every 13 Days) | $587,343 / $575,000 | $559K – $635K | 2,591 / 2,650 | $232 / $216 | 34 / 13 |
| Benton City | 1 | 0.0 (≈1 Closing Every 90 Days) | $594,900 / $594,900 | $594K – $594K | 1,918 / 1,918 | $310 / $310 | 21 / 21 |
| Prosser | 3 | 0.0 (≈1 Closing Every 30 Days) | $601,633 / $615,000 | $565K – $624K | 1,713 / 1,600 | $360 / $391 | 205 / 180 |
Key Takeaways
- Kennewick leads the Tri-Cities in sales volume within the $550K–$650K existing home sector, supporting steady market activity.
- Richland generally commands higher price per square foot, indicating strong market efficiency and potentially more upscale offerings.
- Pasco offers more square footage at slightly lower prices per square foot, appealing to buyers seeking value in this price band.
- West Richland has a more limited number of sales in this range, reflecting a smaller inventory or different market dynamics.
- Benton City and Prosser contribute modestly to the overall sales count, with Prosser showing higher $/SqFt but longer days on market.
- Days on market tend to be shorter in core Tri-Cities cities like Kennewick and Pasco, while Prosser and Benton City experience slower sales pace.